NAC Guarantee Plus
North American Company
5.05%
Best Rate
50
States
NAC Guarantee Plus is a single-premium, multi-year guarantee annuity designed to help retirees protect savings with guaranteed interest rates while maintaining access to funds and the flexibility to renew or annuitize at the end of the guarantee period.
Available In
50 states
Min Premium
$20,000
Surrender
7 years
Guaranteed Rates by Term
| Term | Guaranteed Rate |
|---|---|
| 3-Year | 4.6% |
| 5-Year | 5.05% |
| 7-Year | 4.7% |
Key Features
Guaranteed Interest Rate
3 or 5-year optionsYour interest rate is locked in for either a 3 or 5-year guarantee period; rates are higher for premium amounts of $100,000 or more
Penalty-Free Withdrawals
Up to annual interest earnedAfter the first contract anniversary, you can withdraw an amount equal to the interest earned in the prior year without surrender charges
Nursing Home Waiver
Automatically included at no costIf you become confined to a qualified nursing facility for 90 consecutive days after year one, you can withdraw 100% of your accumulation value penalty-free
Renewal Options
30-day free election windowWhen your guarantee period ends, you can renew for a new 3 or 5-year term at current rates, or start receiving annuity income payments
Tax-Deferred Growth
Defers taxation until withdrawalInterest compounds without annual tax liability; you only pay taxes when you withdraw funds
Death Benefit
Full accumulation valueYour beneficiaries receive the accumulation value as a death benefit, either in a lump sum or installments, potentially avoiding probate
Market Value Adjustment
Varies by stateSurrender value may increase or decrease based on interest rate changes; adjustments are limited by state-specific caps
Minimum Premium
$20,000 minimumRequires a single premium of at least $20,000 to establish the contract
Highlights
Lock in guaranteed interest rates for 3 or 5 years with a multi-year guarantee annuity
Take penalty-free withdrawals equal to interest earned each year after the first contract anniversary
Automatically included nursing home confinement waiver allows 100% penalty-free withdrawal if confined for 90+ consecutive days
Renew at new guaranteed rates when the guarantee period ends, or start taking income payments
Tax-deferred growth means your money compounds without annual tax liability
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Nursing home waiver, RMD waiver
Best For
Retirees and near-retirees who want to lock in guaranteed returns, preserve capital, maintain some liquidity through penalty-free withdrawals, and have the flexibility to renew their contract or start income payments after the guarantee period.
Consider Alternatives If
Investors seeking market-linked returns, those needing immediate access to all funds without penalties, or individuals who may need to access principal within the first contract year due to emergency circumstances.
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